Panama govt opens door for financing for up to $9 billion
This article is a summary of reporting by Reuters. Originally published August 7, 2024.
Panama's council of ministers approved two key decrees authorizing the economy and finance ministry to raise up to $9 billion. The plan authorized the issuance of local treasury notes for up to $6 billion with maturities spanning between two and ten years, while opening avenues for external financing. The measures aim to support national budget requirements and reinforce the government's fiscal framework amid evolving regional economic conditions.
AI Summary
Panama passed decrees approving up to $9 billion in financing via local treasury notes and international markets.
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